Latest Portfolio Simplification News

Lendlease CEO Tony Lombardo will step down in August 2026, marking a leadership change after five years at the helm and a significant strategic reset. The Board has begun the search for his successor as the company prepares for its next growth phase.

FireFly Metals has agreed to sell its Ontario gold assets to Bellavista Resources for up to A$86.1 million in shares and performance rights, unlocking value for shareholders while focusing on its copper-gold growth strategy.

First Au Limited reports promising gold assay results at its Nimba project in Liberia, while strategically divesting its Victorian Goldfield Project to focus on Western Australian assets.

Coventry Group reports a solid half-year sales and earnings improvement while initiating a strategic review following unsolicited takeover interest.

Thor Energy is gearing up for a pivotal 2D seismic survey in mid-2026 at its HY-Range Project, while securing significant funding through divestments of non-core assets, positioning itself for focused hydrogen and helium exploration.

APA Group has agreed to sell its 20% stake in the Allgas gas distribution network to Stonepeak affiliates, marking another step in its strategy to simplify operations and focus on core growth areas.

Solvar Limited has sold its New Zealand arrears loan book for NZ$8 million, accelerating its exit from the NZ market and announcing a special fully franked dividend for shareholders.

AUB Group delivered a robust FY25 with a 17.1% rise in underlying net profit and a 15% dividend increase, while navigating a $45 per share acquisition proposal from an EQT-CVC consortium.

Fletcher Building has completed the sale of its 13.4% stake in the Pūhoi to Warkworth toll road, marking its exit from public-private partnership investments and a renewed focus on core operations.

Aeris Resources has agreed to sell its North Queensland copper assets to Dingo Minerals for up to $15.5 million, marking a strategic move to focus on core operations and strengthen its balance sheet.

Arika Resources has agreed to sell its Admiral Bay Zinc Project for $1.15 million upfront, unlocking capital to accelerate drilling at its promising gold projects in Western Australia.

Eildon Capital Group reported a $5.7 million net loss in FY25, weighed down by $8 million in one-off charges, while simplifying its portfolio and entering a new joint venture in North Queensland.